As the pandemic continues to wreak havoc, LGT Venture Philanthropy stands by partners and portfolio organizations and has renewed emergency support.
Recognizing how uncertainty plagues our global community, our key currency is trust. Like our respected peers, we commit to listen to, learn from and trust our portfolio; together adapting to the needs of this time. In April 2020 we committed USD 2.4 million unrestricted funding to enable them to continue doing their work in response to the COVID-19 crisis and were humbled by their use of funds.
We remain convinced that the most effective way for us to respond to the ongoing pandemic in a sustainable and scalable way is predominately through our portfolio organizations and working with our network and partners.
This year LGT VP is renewing the commitment to support partners in the following ways: